Revenue Update on Cenveo(NYSE:CVO)

Cenveo(NYSE:CVO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $404.04M. Analysts estimated a revenue of $412.49M. Earnings per share were $0.25. Analysts had estimated an EPS of $0.02.

Cenveo (CVO) shares turned negative on Fridays trading session with the shares closing down -0.55 points or -6.77% at a volume of 53,529. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.55. The peak price level was also seen at $8.55 while the days lowest was $7.51. Finally the shares closed at $7.58. The 52-week high of the shares is $16.48 while the 52-week low is $2.3088. According to the latest information available, the market cap of the company is $65 M.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Robert G Jr Burton (President) purchased 25,000 shares at $0.90 per share price.Also, On May 23, 2016, Ian R Scheinmann (SVP, Legal Affairs) purchased 4,900 shares at $1.02 per share price.On May 17, 2016, Robert G Sr Burton (CEO) purchased 114,000 shares at $0.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Cenveo Inc. is a diversified manufacturing company focused on print-related products. The Company’s portfolio of products includes envelope converting commercial printing label manufacturing and specialty packaging. The Company operates through three segments: Envelope Print and Label and Packaging. The Company’s Envelope segment offers direct mail products used for customer solicitations and transactional envelopes used for billing and remittance by end users including financial institutions insurance companies and telecommunications companies. The Company’s Print segment primarily caters to the consumer products automotive travel and leisure and telecommunications industries. The Company’s Label and Packaging segment produces a line of custom labels for a range of industries including manufacturing warehousing packaging food and beverage and health and beauty.

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